About this business
This well-established laundromat, located in the San Fernando Valley area of Los Angeles, California, represents a high-performing business opportunity with included real estate. Established in 2021, the business operates from a recently constructed, free-standing retail property spanning over 5,000 square feet with high ceilings, state-of-the-art high-capacity laundry equipment, and ample customer parking. The property is situated in a highly populated area surrounded by working families, making it a favored choice for local laundry needs.
The laundromat is currently operated entirely by employees and generates gross sales revenue of over $1,150,000 with a net operating income of $560,000, providing substantial growth opportunity for hands-on buyers seeking to actively manage and enhance the business. The asking price for the business and property combined is $5,390,000 with a required down payment of $1,100,000. The business has been pre-qualified for an SBA loan, which streamlines the acquisition process for the new owner. This listing includes training and support, and the business is structured to run with absentee management capabilities. Business license number: 01317881.
Financial overview
Location
Los Angeles, California
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